Asset Managers – Page 281
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News
350 jobs to go as Julius Baer buys banks
SWITZERLAND – Around 350 jobs, including possibly that of asset management chief Roman von Ah, look set to go with Julius Baer’s decision to buy four wealth management firms from UBS.
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News
German institutions ‘to seek lower hedge fees’
GERMANY – German institutional investors will increasingly pressure fund of hedge fund providers to cut management and performance fees, reckons consulting firm Faros.
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News
ING Real Estate chief quits over Polish complex
POLAND – Paul Trip, chief executive of development at ING Real Estate, has quit over problems at a shopping complex in Warsaw.
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News
MLIM completes €12bn Philips pension deal
NETHERLANDS - Merrill Lynch Investment Managers says it has now completed its previously announced deal to buy the in-house pension management arms of electronics giant Philips.
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News
Germany: BaFin fund regulator Bartels to retire
GERMANY - Financial services regulator BaFin has confirmed that Volckmar Bartels, its chief supervisor for institutional, retail and hedge funds in Germany, will retire at the end of this month.
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News
COMMENT: Petroleum Fund up for grabs?
COMMENTARY – The head of the Norwegian central bank, Svein Gjedrem, appears to have dropped a hint about the future of the Petroleum Fund.
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News
Dutch doctors’ fund becomes limited company
NETHERLANDS – The €11bn doctors scheme SBA Artsenpensioenfondsen has announced its decision to become a private limited company - Doctors Pension Funds Services BV.
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News
Petercam hit as multinationals revamp mandates
BELGIUM – The globalisation of pension funds by multinational companies cost Petercam Asset Management two to three mandates over the past year.
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News
AXA Rosenberg bags €98.3m Shropshire brief
UK - AXA Rosenberg says it has won a European ex-UK equities mandate worth €67m (€98.3m) from the Shropshire County Pension Fund.
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News
Belgium’s KBC hails pension pooling
BELGIUM – KBC, which launched a pension pooling fund for Suez earlier this year, says the technique offers various benefits which reduces costs.
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News
Nammack joins Carnegie as consultant
SWEDEN – Former Skandia Liv and AP3 executive Kristian Nammack has joined Carnegie in a consulting capacity.
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News
UK’s BBC drops DeAM for NewSmith
UK – The BBC says its £6.4bn (€9.4bn) pension scheme has dropped Deutsche Asset Management in favour of NewSmith due to an underperformance on investment targets.
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News
Netherlands' Interpay outsources €265m scheme
NETHERLANDS - Payment processing firm Interpay has outsourced its entire €265m pension fund to SEI Investments, resulting in losses for incumbent managers ABN Amro and ING.
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News
Mellon had talks with State St., Northern – WSJ
GLOBAL – Mellon Financial Corp. has had informal talks about a possible custody combination with State Street and Northern Trust, the Wall Street Journal has reported.
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Features
MAN CEO says investable hedge indices 'wrong'
Investable hedge funds indices were given the thumbs down by a senior industry figure at the recent Funds Forum conference in Monaco. Stanley Fink, chief executive of MAN Group, which has $42bn (€34bn) of hedge fund assets under management, criticised the development of investable hedge funds indices and regarded them ...
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News
Invesco taps UBS’s Salzmann as Swiss head
SWITZERLAND - Invesco has named Marcel Salzmann, a former manager at rival UBS Global Asset Management, as its new head of Switzerland.
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News
TKP Pensioen real estate head retires
NETHERLANDS - TKP Pensioen’s head of real estate investments, Koos Gerlofs, has retired.
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News
Citigroup in German hedge fund move
GERMANY - The German investment arm of Citigroup has teamed up with a German and an Austrian private bank to launch one of Germany’s first single hedge funds.
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News
DWS/DeAM get new Swiss sales head
SWITZERLAND - Tim Koevenig has been named head of sales for Switzerland at Deutsche Bank's retail and institutional asset management arms DWS and DeAM.
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News
ING IM’s Wijstma moves to Robeco
NETHERLANDS – ING Investment Management’s Joost Wijstma has left the firm to become a director of business development at rival Robeco.
